Ransomware

In this East Midlands Cyber Security Forum event we looked at what ransomware is; how it can effect your business; and the steps to protecting your business from ransomware attacks in the future.

This event originally happened on 13th October 2016 at the University of Nottingham.

Ransomware is on the rise! A survey from 2016 revealed that 54% of businesses in the UK have been targeted by a ransomware attack. With 58% of these organisations paying the ransom, it is becoming a preferred and successful method for cyber criminals.

Ransomware works by infecting a computer and performing a reversible act, such as encrypting all the files and then requesting a ransom is paid, for the information needed to unencrypt the files. The ransom is often paid in bitcoins – an untraceable electronic currency.

Ransomware

Mark Chimley, Director of Genus One

Mark covered the main points of the evening and looked at the history and what is ransomware, and how it can effect your business.

We also created a short video of Mark’s presentation, which gives a brief summary of the things he discussed.

Find out more about ransomware in a new survey from Trend Micro, which uncovers the true scale of the ransomware threat of today for businesses.